by Richard Buckley, Editor, Business Eye

The European Federation of Ethical and Alternative Banks and Financiers (FEBEA) has held a board meeting for the first time in Northern Ireland. The federation, which represents 28 European social finance institutions with assets totaling €30bn, was invited by the Ulster Community Investment Trust (UCIT Group), its only UK and Irish member.


In addition to learning more about UCIT Group’s business model the FEBEA Board also visited the East Side Partnership which has received UCIT funding to support projects including the Enler Complex in Ballybeen and Bryson Street Surgery.

FEBEA Chairman, Pedro Manuel Sasia Santos, said: “Northern Ireland has a vibrant social enterprise sector and UCIT has an exceptionally strong community focus in areas such as sport and faith-based initiatives which many of our members are interested in replicating.”

Pictured with Mr Santos are Wlodzimierz Grudzinski, FEBEA’s Vice Chairman and Harry McDaid, UCIT Group’s Chief Executive.

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